Cisco announced job cuts affecting approximately 4,000 roles. This reduction represents about 5% of its global workforce. The company is restructuring to shift resources towards artificial intelligence. These layoffs occur despite Cisco reporting record revenue and profits. Cisco previously laid off a similar number of workers in February 2024.
https://www.thehrdigest.com/cisco-layoffs-set-to-affect-4000-roles-as-ai-redefines-operations/